{"id":52348,"date":"2023-09-13T11:03:39","date_gmt":"2023-09-13T11:03:39","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security"},"modified":"2023-09-13T11:10:47","modified_gmt":"2023-09-13T11:10:47","slug":"korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security","title":{"rendered":"Korea and the African Development Bank strengthen drive towards Africa\u2019s food security"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>The Government of Korea and the African Development Bank Group are intent on strengthening their partnership to support African countries in achieving food security in five years and boost the continent\u2019s capability to produce its own vaccines and other pharmaceutical products.<\/p>\n

Speaking on Monday during a meeting with Korea\u2019s Minister of Agriculture, Food and Rural Affairs Hwang-keun Chung in the capital Seoul, African Development Bank Group President Dr Akinwumi Adesina said there was every reason to believe that Africa would rapidly achieve food sufficiency, and certainly within five years.<\/p>\n

The African Development Bank, together with AfricaRice research centre, recently launched the US$650 million Regional West Africa Rice Development (REWARD) programme in 16 West African countries. Under the programme, a million farmers will be involved in cultivating up to 750,000 hectares of land to produce 53 million metric tons of rice in five years.<\/p>\n

Minister Chung said Korea, through its K-Ricebelt initiative(link is external), was working with eight African countries to produce 10,000 metric tons of rice\u2014enough to feed 30 million people. \u201cThe country plans to invest up to US$100 million into the project by 2027,\u201d he said.<\/p>\n

Adesina said the two initiatives, the African Development Bank\u2019s REWARD and Korea\u2019s K-Ricebelt, should work together across the entire continent and make Africa self-sufficient in rice production in five years.<\/p>\n

\u201cWe have the technologies, the seed companies, input supply systems that use digital technology for distribution and we also have financing at scale. Let us merge the two initiatives to work under the Bank\u2019s Technologies for African Agricultural Transformation (TAAT) platform,\u201d the African Development Bank chief said. TAAT was launched in 2018 as part of the Bank\u2019s Feed Africa Strategy to harness proven technologies and raise agricultural productivity across Africa.<\/p>\n

Adesina said that while increasing productivity to reduce reliance on food imports, it was important to ensure the quality of locally produced rice must meet that of imports.<\/p>\n

He said: \u201cWe must also bridge the competitiveness gap by investing in rice processing infrastructure, ensuring zones of production are close to milling plants to reduce transportation cost that end up inflating the price of such commodities.\u201d<\/p>\n

Minister Chung indicated that there were plans to invite more African countries to participate in the K-Ricebelt initiative and invest in supporting infrastructure.<\/p>\n

\u201cWe want to increase participating countries. We will build a seed complex with irrigation facilities and agricultural machinery,\u201d Chung said. He added: \u201cKorea has highly advanced milling technology and can explore how to deploy it across in Africa.\u201d<\/p>\n

Chung said Korea \u201cwill review how to work together with the African Development Bank on these initiatives.\u201d<\/p>\n

Earlier, the African Development Bank president met with Minister for Health and Welfare Kyoo Hong Cho. They discussed Africa\u2019s ongoing efforts to strengthen its capability to manufacture vaccines and other pharmaceutical products.<\/p>\n

Adesina said Africa had learned a vital lesson from the Covid-19 pandemic. \u201cThe continent was caught unprepared,\u201d he said, adding: \u201cIt could not readily manufacture its own sanitisers and protective equipment. We cannot continue to outsource the health of Africans to the benevolence of others.\u201d<\/p>\n

The Bank president asked Korea to support the Africa Pharmaceutical Technology Foundation, which it had initiated. He explained that it was established in 2022 to act as a transparent intermediate, advancing and brokering the interests of the African pharmaceutical sector with global and other Southern pharmaceutical companies to share intellectual-property-protected technologies, know-how and patented processes.<\/p>\n

Minister Cho said he was impressed by the Bank\u2019s effort to strengthen local capability production of vaccines and other pharmaceuticals.<\/p>\n

Cho said: \u201cAfrica has its own particular climate, environment and circumstances. It is important to manufacture within Africa pharmaceuticals that meet the continent\u2019s needs. There is scope for cooperation between Africa and Korea.\u201d<\/p>\n

Adesina said the African Development Bank was in the process of launching a fellowship programme that would send Africa\u2019s pharmaceutical scientists for attachments to medical science centres in advanced countries.<\/p>\n

Minister Cho said Africa\u2019s scientists would benefit from training offered by Korea following its designation last May by the World Health Organisation as the global training hub in biomanufacturing.<\/p>\n

Adesina and his host also explored how some African countries could learn from Korea\u2019s national health insurance scheme.<\/p>\n

The minister said that in Korea, \u201call Koreans are covered by the programme and all hospitals in the country are obliged to join the system. They pay according to income or assets.\u201d<\/p>\n

While in Seoul, the Bank chief also met with the National Assembly\u2019s Forum for Africa Co-Chair Myoung Su Lee and President of the Korea-Africa Foundation Lyeo Woon-ki.<\/p>\n

Korea joined the African Development Bank in 1982. It will host the 2024 Korea Africa Summit to establish mutual, beneficial, and sustainable, long-term cooperative relations with Africa.<\/p>\n

Adesina is leading the Bank\u2019s delegation to this week\u2019s 7th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference(link is external) in the country\u2019s cultural and second-largest city of Busan.<\/p>\n

The conference is bringing together African finance ministers, heads of pan-African institutions, private sector leaders, host government officials and local investors to explore practical ways of supporting Africa achieve food security and universal access to electricity.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. The Government of Korea and the African Development Bank Group are intent on strengthening their partnership to support African countries in achieving food security in five years and boost the continent\u2019s capability to produce its own vaccines and other pharmaceutical products. Speaking on Monday during a meeting with Korea\u2019s Minister of Agriculture, […]<\/p>\n","protected":false},"author":84,"featured_media":52347,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[760,763,758],"class_list":["post-52348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nKorea and the African Development Bank strengthen drive towards Africa\u2019s food security - Rwanda<\/title>\n<meta name=\"description\" content=\"The Government of Korea and the African Development Bank Group are intent on strengthening their partnership to support ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Korea and the African Development Bank strengthen drive towards Africa\u2019s food security\" \/>\n<meta property=\"og:description\" content=\"The Government of Korea and the African Development Bank Group are intent on strengthening their partnership to support ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-13T11:03:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-13T11:10:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/09\/sm_1694590767.343247.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1300\" \/>\n\t<meta property=\"og:image:height\" content=\"535\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Korea and the African Development Bank strengthen drive towards Africa\u2019s food security\",\"datePublished\":\"2023-09-13T11:03:39+00:00\",\"dateModified\":\"2023-09-13T11:10:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security\"},\"wordCount\":875,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/09\/sm_1694590767.343247.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/korea-and-the-african-development-bank-strengthen-drive-towards-africas-food-security\",\"name\":\"Korea and the African Development Bank strengthen drive towards Africa\u2019s food security - 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